|Received:||5/4/2008 4:10:52 PM|
|Agency:||Federal Trade Commission|
|Rule:||Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007|
Comments:Concerning Market Manipulation Rulemaking, P082900” I have the following comment: I believe there would be enough evidence to show manipulation of market practices not only in 2000 but later years once thouroughly investigated. If found, I propose not a $1M daily fine in dollars, but in OIL. The released oil would be at the determined lower unaltered price for the period determined to effect a reversal at the consumer pump. This would actually provide the consumer some relief instead of more dollars to a government fund which never affects our economic bottom line. It would be more embarrassing and provide an undisirable public awareness of BP and others punishments that a fine would not. It would also reset the price and allow a natural increase or decrease per normal market values. Thank you for the time and space to comment.